With the cost of college on the rise, financial aid has never been more important. But which schools offer the most generous aid? In an attempt to answer that question, Bloomberg Businessweek looked at the financial aid packages awarded by the colleges that are home to our top 50 undergraduate business programs. We focused on the discount rate—or the amount of total costs covered by aid, specifically institutional scholarships and grants that come out of the school’s own pocket—and the number of students receiving such aid. The grants varied widely, from $3,383 at Brigham Young University to nearly 10 times that amount at the University of Richmond, while the percentage of students getting grants ranged from one in six (James Madison University) to virtually everyone (Rensselaer Polytechnic Institute). At top-ranked University of Tulsa, 93 percent of students received institutional grants that averaged $16,764 in 2010-11, covering nearly 40 percent of total expenses.

Methodology: The ranking is based on the percentage of costs covered by the average institutional scholarship or grant and the percentage of all full-time beginning undergraduate students receiving such awards in 2010-11. The factors are equally weighted. Total costs include in-state tuition and fees, books and supplies, on-campus room and board, and other expenses. Information on scholarships and grants awarded to business students is for 2011-12. It is self-reported by schools and is for informational purposes only.

Data: National Center for Education Statistics

Courtesy University of Tulsa

With the cost of college on the rise, financial aid has never been more important. But which schools offer the most generous aid? In an attempt to answer that question, Bloomberg Businessweek looked at the financial aid packages awarded by the colleges that are home to our top 50 undergraduate business programs. We focused on the discount rate—or the amount of total costs covered by aid, specifically institutional scholarships and grants that come out of the school’s own pocket—and the number of students receiving such aid. The grants varied widely, from $3,383 at Brigham Young University to nearly 10 times that amount at the University of Richmond, while the percentage of students getting grants ranged from one in six (James Madison University) to virtually everyone (Rensselaer Polytechnic Institute). At top-ranked University of Tulsa, 93 percent of students received institutional grants that averaged $16,764 in 2010-11, covering nearly 40 percent of total expenses.

Methodology: The ranking is based on the percentage of costs covered by the average institutional scholarship or grant and the percentage of all full-time beginning undergraduate students receiving such awards in 2010-11. The factors are equally weighted. Total costs include in-state tuition and fees, books and supplies, on-campus room and board, and other expenses. Information on scholarships and grants awarded to business students is for 2011-12. It is self-reported by schools and is for informational purposes only.

Data: National Center for Education Statistics

Courtesy University of Tulsa

Top B-Schools With the Best Financial Aid

Tulsa Leads the Pack
Tulsa Leads the Pack

With the cost of college on the rise, financial aid has never been more important. But which schools offer the most generous aid? In an attempt to answer that question, Bloomberg Businessweek looked at the financial aid packages awarded by the colleges that are home to our top 50 undergraduate business programs. We focused on the discount rate—or the amount of total costs covered by aid, specifically institutional scholarships and grants that come out of the school’s own pocket—and the number of students receiving such aid. The grants varied widely, from $3,383 at Brigham Young University to nearly 10 times that amount at the University of Richmond, while the percentage of students getting grants ranged from one in six (James Madison University) to virtually everyone (Rensselaer Polytechnic Institute). At top-ranked University of Tulsa, 93 percent of students received institutional grants that averaged $16,764 in 2010-11, covering nearly 40 percent of total expenses.

Methodology: The ranking is based on the percentage of costs covered by the average institutional scholarship or grant and the percentage of all full-time beginning undergraduate students receiving such awards in 2010-11. The factors are equally weighted. Total costs include in-state tuition and fees, books and supplies, on-campus room and board, and other expenses. Information on scholarships and grants awarded to business students is for 2011-12. It is self-reported by schools and is for informational purposes only.

Data: National Center for Education Statistics

Courtesy University of Tulsa
1. University of Tulsa
1. University of Tulsa

Collins College of Business

Best B-Schools Rank: 47

Average Institutional Grants: $16,764
Total Expenses: $43,477
Costs Covered by Grants: 38.6%
Students Receiving Grants: 93%

Business Students Receiving Grants: 70%
Business Students With Full-Tuition Scholarships: 10%

Courtesy University of Tulsa
2. Rensselaer Polytechnic University
2. Rensselaer Polytechnic University
Lally School of Management & Technology

Best B-Schools Rank: 44

Average Institutional Grants: $17,933
Total Expenses: $54,035
Costs Covered by Grants: 33.2%
Students Receiving Grants: 96%

Business Students Receiving Grants: 90%
Business Students With Full-Tuition Scholarships: 8%

Courtesy Rensselaer Polytechnic University
3. Fordham University
3. Fordham University
Gabelli School of Business

Best B-Schools Rank: 49

Average Institutional Grants: $17,518
Total Expenses: $56,454
Costs Covered by Grants: 31%
Students Receiving Grants: 91%

Business Students Receiving Grants: 70%
Business Students With Full-Tuition Scholarships: NA
Courtesy Fordham University
4. Case Western Reserve University
4. Case Western Reserve University
Weatherhead School of Management

Best B-Schools Rank: 36

Average Institutional Grants: $23,163
Total Expenses: $52,073
Costs Covered by Grants: 44.5%
Students Receiving Grants: 76%

Business Students Receiving Grants: 50%
Business Students With Full-Tuition Scholarships: 0%

Courtesy Case Western University
5. Massachusetts Institute of Technology
5. Massachusetts Institute of Technology
Sloan School of Management

Best B-Schools Rank: 6

Average Institutional Grants: $31.369
Total Expenses: $53,210
Costs Covered by Grants: 59%
Students Receiving Grants: 61%

Business Students Receiving Grants: 58%
Business Students With Full-Tuition Scholarships: 22%
Courtesy MIT
6. University of Richmond
6. University of Richmond
Robins School of Business

Best B-Schools Rank: 15

Average Institutional Grants: $33,374
Total Expenses: $52,460
Costs Covered by Grants: 63.6%
Students Receiving Grants: 56%

Business Students Receiving Grants: 61%
Business Students With Full-Tuition Scholarships: 16%
Courtesy Richmond University
7. Santa Clara University
7. Santa Clara University
Leavey School of Business

Best B-Schools Rank: 35

Average Institutional Grants: $16,883
Total Expenses: $53,709
Costs Covered by Grants: 31.4%
Students Receiving Grants: 87%

Business Students Receiving Grants: 68%
Business Students With Full-Tuition Scholarships: 11%
Courtesy Santa Clara University
8. Southern Methodist University
8. Southern Methodist University
Cox School of Business

Best B-Schools Rank: 30

Average Institutional Grants: $21,687
Total Expenses: $53,285
Costs Covered by Grants: 40.7%
Students Receiving Grants: 77%

Business Students Receiving Grants: 79%
Business Students With Full-Tuition Scholarships: 3%
Courtesy Southern Methodist University
9. Butler University
9. Butler University
College of Business

Best B-Schools Rank: 48

Average Institutional Grants: $13,006
Total Expenses: $43,838
Costs Covered by Grants: 29.7%
Students Receiving Grants: 88%

Business Students Receiving Grants: 83%
Business Students With Full-Tuition Scholarships: 1%
Courtesy Butler
10. Northeastern University
10. Northeastern University
College of Business Administration

Best B-Schools Rank: 27

Average Institutional Grants: $18,049
Total Expenses: $51,902
Costs Covered by Grants: 34.8%
Students Receiving Grants: 80%

Business Students Receiving Grants: 58%
Business Students With Full-Tuition Scholarships: 3%
Courtesy North Eastern University
11.Bentley University
11.Bentley University
Undergraduate Business Program

Best B-Schools Rank: 29

Average Institutional Grants: $21,760
Total Expenses: $51,473
Costs Covered by Grants: 42.3%
Students Receiving Grants: 68%

Business Students Receiving Grants: 60%
Business Students With Full-Tuition Scholarships: 2%
Courtesy Bently
12. University of Notre Dame
12. University of Notre Dame
Mendoza College of Business

Best B-Schools Rank: 1

Average Institutional Grants: $27,329
Total Expenses: $53,239
Costs Covered by Grants: 51.3%
Students Receiving Grants: 57%

Business Students Receiving Grants: 37%
Business Students With Full-Tuition Scholarships: 4%
Courtesy University of Notre Dame
13. Cornell University
13. Cornell University
Dyson School of Applied Economics & Management

Best B-Schools Rank: 3

Average Institutional Grants: $30,529
Total Expenses: $54,676
Costs Covered by Grants: 55.8%
Students Receiving Grants: 51%

Business Students Receiving Grants: 42%
Business Students With Full-Tuition Scholarships: 19%
Courtesy Cornell University
14. University of Pennsylvania
14. University of Pennsylvania
Wharton School

Best B-Schools Rank: 4

Average Institutional Grants: $32,194
Total Expenses: $55,250
Costs Covered by Grants: 58.3%
Students Receiving Grants: 48%

Business Students Receiving Grants: 43%
Business Students With Full-Tuition Scholarships: 18%
Courtesy University of Pennsylvania
15. University of San Diego
15. University of San Diego
School of Business Administration

Best B-Schools Rank: 40

Average Institutional Grants: $18,184
Total Expenses: $53,573
Costs Covered by Grants: 33.9%
Students Receiving Grants: 72%

Business Students Receiving Grants: 80%
Business Students With Full-Tuition Scholarships: 7%
Courtesy University of San Diego
16. University of Southern California
16. University of Southern California
Marshall School of Business

Best B-Schools Rank: 33

Average Institutional Grants: $24,811
Total Expenses: $55,578
Costs Covered by Grants: 44.6%
Students Receiving Grants: 61%

Business Students Receiving Grants: NA
Business Students With Full-Tuition Scholarships: NA
Courtesy University of Southern California
17.  University of Arizona
17. University of Arizona
Eller College of Management

Best B-Schools Rank: 42

Average Institutional Grants: $7,071
Total Expenses: $22,380
Costs Covered by Grants: 31.6%
Students Receiving Grants: 71%

Business Students Receiving Grants: 49%
Business Students With Full-Tuition Scholarships: 12%
Courtesy University of Arizona
18. Emory University
18. Emory University
Goizueta Business School

Best B-Schools Rank: 5

Average Institutional Grants: $25,635
Total Expenses: $53,556
Costs Covered by Grants: 47.9%
Students Receiving Grants: 53%

Business Students Receiving Grants: 37%
Business Students With Full-Tuition Scholarships: 8%
Courtesy Emory University
19. Lehigh University
19. Lehigh University
College of Business & Economics

Best B-Schools Rank: 31

Average Institutional Grants: $26,036
Total Expenses: $52,520
Costs Covered by Grants: 49.6%
Students Receiving Grants: 51%

Business Students Receiving Grants: 38%
Business Students With Full-Tuition Scholarships: 0%
Courtesy Leigh University
20.  Georgetown University
20. Georgetown University
McDonough School of Business

Best B-Schools Rank: 14

Average Institutional Grants: $28,770
Total Expenses: $56,485
Costs Covered by Grants: 50.9%
Students Receiving Grants: 49%

Business Students Receiving Grants: 41%
Business Students With Full-Tuition Scholarships: 12%
Courtesy Georgetown University
21. Boston College
21. Boston College
Carroll School of Management

Best B-Schools Rank: 9

Average Institutional Grants: $29,050
Total Expenses: $54,624
Costs Covered by Grants: 53.2%
Students Receiving Grants: 46%

Business Students Receiving Grants: 30%
Business Students With Full-Tuition Scholarships: 7%
Courtesy Boston College
22. Boston University
22. Boston University
School of Management

Best B-Schools Rank: 18

Average Institutional Grants: $23,635
Total Expenses: $54,836
Costs Covered by Grants: 43.1%
Students Receiving Grants: 55%

Business Students Receiving Grants: 42%
Business Students With Full-Tuition Scholarships: 4%
Courtesy Boston University
23. Texas Christian University
23. Texas Christian University
Neeley School of Business

Best B-Schools Rank: 28

Average Institutional Grants: $13,351
Total Expenses: $43,050
Costs Covered by Grants: 31%
Students Receiving Grants: 67%

Business Students Receiving Grants: 40%
Business Students With Full-Tuition Scholarships: 1%
Courtesy Texas Christian University
24. Babson College
24. Babson College
Undergraduate Business Program

Best B-Schools Rank: 34

Average Institutional Grants: $25,655
Total Expenses: $54,666
Costs Covered by Grants: 46.9%
Students Receiving Grants: 49%

Business Students Receiving Grants: 46%
Business Students With Full-Tuition Scholarships: 5%
Courtesy Babson University
25. Carnegie Mellon University
25. Carnegie Mellon University
Tepper School of Business

Best B-Schools Rank: 20

Average Institutional Grants: $21,430
Total Expenses: $55,286
Costs Covered by Grants: 38.8%
Students Receiving Grants: 57%

Business Students Receiving Grants: 50%
Business Students With Full-Tuition Scholarships: 0%
Courtesy Carnegie Melon University
26. Wake Forest University
26. Wake Forest University
Schools of Business

Best B-Schools Rank: 19

Average Institutional Grants: $26,156
Total Expenses: $54,135
Costs Covered by Grants: 48.3%
Students Receiving Grants: 47%

Business Students Receiving Grants: 42%
Business Students With Full-Tuition Scholarships: 5%
Courtesy Wake Forest University
27. University of Michigan
27. University of Michigan
Ross School of Business

Best B-Schools Rank: 7

Average Institutional Grants: $10,851
Total Expenses: $24,167
Costs Covered by Grants: 44.9%
Students Receiving Grants: 47%

Business Students Receiving Grants: 38%
Business Students With Full-Tuition Scholarships: 0%
Courtesy Michigan University
28. Villanova University
28. Villanova University
School of Business

Best B-Schools Rank: 13

Average Institutional Grants: $21,596
Total Expenses: $53,020
Costs Covered by Grants: 40.7%
Students Receiving Grants: 49%

Business Students Receiving Grants: 50%
Business Students With Full-Tuition Scholarships: 7%
Courtesy Villanova University
29. Washington University in St. Louis
29. Washington University in St. Louis
Olin Business School

Best B-Schools Rank: 8

Average Institutional Grants: $23,992
Total Expenses: $56,930
Costs Covered by Grants: 42.1%
Students Receiving Grants: 45%

Business Students Receiving Grants: 41%
Business Students With Full-Tuition Scholarships: NA
Courtesy Washington University
30. Miami University
30. Miami University
Farmer School of Business

Best B-Schools Rank: 23

Average Institutional Grants: $5,702
Total Expenses: $29,082
Costs Covered by Grants: 19.6%
Students Receiving Grants: 67%

Business Students Receiving Grants: 65%
Business Students With Full-Tuition Scholarships: 3%
Courtesy University of Miami
31. University of North Carolina, Chapel Hill
31. University of North Carolina, Chapel Hill
Kenan-Flagler Business School

Best B-Schools Rank: 10

Average Institutional Grants: $7,946
Total Expenses: $20,305
Costs Covered by Grants: 39.1%
Students Receiving Grants: 46%

Business Students Receiving Grants: 48%
Business Students With Full-Tuition Scholarships: 26%
Courtesy University of North Carolina
32. University of Virginia
32. University of Virginia
McIntire School of Commerce

Best B-Schools Rank: 2

Average Institutional Grants: $12,823
Total Expenses: $22,535
Costs Covered by Grants: 56.9%
Students Receiving Grants: 27%

Business Students Receiving Grants: 20%
Business Students With Full-Tuition Scholarships: 9%
Courtesy University of Virginia
33. Indiana University
33. Indiana University
Kelley School of Business

Best B-Schools Rank: 16

Average Institutional Grants: $7,526
Total Expenses: $20,990
Costs Covered by Grants: 35.9%
Students Receiving Grants: 47%

Business Students Receiving Grants: 60%
Business Students With Full-Tuition Scholarships: 2%
Courtesy Indiana University
34. New York University
34. New York University
Stern School of Business

Best B-Schools Rank: 12

Average Institutional Grants: $15,720
Total Expenses: $56,700
Costs Covered by Grants: 27.7%
Students Receiving Grants: 54%

Business Students Receiving Grants: 53%
Business Students With Full-Tuition Scholarships: NA
Courtesy New York University
35. University of California, Berkeley
35. University of California, Berkeley
Haas School of Business

Best B-Schools Rank: 11

Average Institutional Grants: $8,506
Total Expenses: $31,054
Costs Covered by Grants: 27.4%
Students Receiving Grants: 53%

Business Students Receiving Grants: NA
Business Students With Full-Tuition Scholarships: NA
Courtesy University of California Berkely
36. University of Maryland
36. University of Maryland
Smith School of Business

Best B-Schools Rank: 38

Average Institutional Grants: $6,344
Total Expenses: $22,263
Costs Covered by Grants: 28.5%
Students Receiving Grants: 51%

Business Students Receiving Grants: 37%
Business Students With Full-Tuition Scholarships: 2%
Courtesy Maryland University
37. Texas A&M University
37. Texas A&M University
Mays Business School

Best B-Schools Rank: 39

Average Institutional Grants: $5,457
Total Expenses: $20,521
Costs Covered by Grants: 26.6%
Students Receiving Grants: 52%

Business Students Receiving Grants: 38%
Business Students With Full-Tuition Scholarships: 7%
Courtesy Texas A&M University
38. Elon University
38. Elon University
Love School of Business

Best B-Schools Rank: 43

Average Institutional Grants: $9,461
Total Expenses: $38,975
Costs Covered by Grants: 24.3%
Students Receiving Grants: 52%

Business Students Receiving Grants: 29%
Business Students With Full-Tuition Scholarships: 0%
Courtesy Elon University
39. College of William & Mary
39. College of William & Mary
Mason School of Business

Best B-Schools Rank: 25

Average Institutional Grants: $11,608
Total Expenses: $23,722
Costs Covered by Grants: 48.9%
Students Receiving Grants: 27%

Business Students Receiving Grants: 38%
Business Students With Full-Tuition Scholarships: 9%
Courtesy William & Mary
40. University of Minnesota
40. University of Minnesota
Carlson School of Management

Best B-Schools Rank: 41

Average Institutional Grants: $3,808
Total Expenses: $23,058
Costs Covered by Grants: 16.5%
Students Receiving Grants: 59%

Business Students Receiving Grants: 58%
Business Students With Full-Tuition Scholarships: 3%
Courtesy University of Minnesota
41. Purdue University
41. Purdue University
Krannert School of Management

Best B-Schools Rank: 45

Average Institutional Grants: $5,405
Total Expenses: $21,820
Costs Covered by Grants: 24.8%
Students Receiving Grants: 43%

Business Students Receiving Grants: 26%
Business Students With Full-Tuition Scholarships: 1%
Courtesy Purdue University
42. University of Texas, Austin
42. University of Texas, Austin
McCombs School of Business

Best B-Schools Rank: 17

Average Institutional Grants: $4,112
Total Expenses: $24,026
Costs Covered by Grants: 17.1%
Students Receiving Grants: 46%

Business Students Receiving Grants: 19%
Business Students With Full-Tuition Scholarships: 2%
Courtesy University of Texas at Austin
43. Brigham Young University
43. Brigham Young University
Marriott School of Management

Best B-Schools Rank: 21

Average Institutional Grants: $3,383
Total Expenses: $16,340
Costs Covered by Grants: 20.7%
Students Receiving Grants: 42%

Business Students Receiving Grants: 62%
Business Students With Full-Tuition Scholarships: 15%
Courtesy Bringham Young University
44. University of Illinois, Urbana-Champaign
44. University of Illinois, Urbana-Champaign
College of Business

Best B-Schools Rank: 26

Average Institutional Grants: $5,572
Total Expenses: $26,538
Costs Covered by Grants: 21%
Students Receiving Grants: 40%

Business Students Receiving Grants: 31%
Business Students With Full-Tuition Scholarships: 4%
Courtesy University of Illinois
45. University of Wisconsin, Madison
45. University of Wisconsin, Madison
School of Business

Best B-Schools Rank: 24

Average Institutional Grants: $4,370
Total Expenses: $21,258
Costs Covered by Grants: 20.6%
Students Receiving Grants: 40%

Business Students Receiving Grants: 46%
Business Students With Full-Tuition Scholarships: 3%
Courtesy University of Wisconsin
46. Georgia Institute of Technology
46. Georgia Institute of Technology
Scheller College of Business

Best B-Schools Rank: 37

Average Institutional Grants: $5,995
Total Expenses: $19,962
Costs Covered by Grants: 30%
Students Receiving Grants: 29%

Business Students Receiving Grants: 22%
Business Students With Full-Tuition Scholarships: 7%
Courtesy Georgia Institue of Technology
47. University of Florida
47. University of Florida
Warrington College of Business Administration

Best B-Schools Rank: 46

Average Institutional Grants: $3,729
Total Expenses: $17,874
Costs Covered by Grants: 20.9%
Students Receiving Grants: 32%

Business Students Receiving Grants: 41%
Business Students With Full-Tuition Scholarships: NA
Courtesy University of Florida
48. Pennsylvania State University
48. Pennsylvania State University
Smeal College of Business

Best B-Schools Rank: 22

Average Institutional Grants: $6,234
Total Expenses: $29,684
Costs Covered by Grants: 21%
Students Receiving Grants: 29%

Business Students Receiving Grants: 26%
Business Students With Full-Tuition Scholarships: 2%
Courtesy Pennsylvania State University
49. University of Georgia
49. University of Georgia
Terry College of Business

Best B-Schools Rank: 50

Average Institutional Grants: $5,308
Total Expenses: $19,736
Costs Covered by Grants: 26.9%
Students Receiving Grants: 20%

Business Students Receiving Grants: 71%
Business Students With Full-Tuition Scholarships: 67%
Courtesy University of Georgia
50. James Madison University
50. James Madison University
College of Business

Best B-Schools Rank: 32

Average Institutional Grants: $5,205
Total Expenses: $20,402
Costs Covered by Grants: 25.5%
Students Receiving Grants: 16%

Business Students Receiving Grants: 7%
Business Students With Full-Tuition Scholarships: 1%
Courtesy James Madison University